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Notion Capital holds a $100m first close

  • Cecilia Bergamaschi
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Notion Capital has announced a $100m first close for Notion Capital Fund 2, its second fund focused on emerging cloud computing and software-as-a-service (SaaS) companies in the UK and Europe.

Notion Capital is expecting to hold a $150m final close in the next few months.

The GP has invested almost $50m from its first vehicle in 10 companies, which include Brightpearl, eSellerPro, NewVoiceMedia, Star and Tradeshift.

Investors
Notion Capital Fund 2 is backed by both the UK government, under its Enterprise Capital Fund programme, and the European Investment Fund.

Investments
Notion Capital will invest in early-stage, European cloud computing and software-as-a-service (SaaS) companies.

People
Stephen Chandler is managing partner and co-founder at Notion Capital.

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